HE-5 Resources Corp. (Trading Barter Corp.) Announces the Sale of its First 'Trading Barter Bank' Exclusive Licensing Agreement for France Market Jun 3, 2009 8:00:00 AM
NEW YORK CITY, NEW YORK -- (MARKET WIRE) -- 06/03/09 -- HE-5 Resources, Corp./ Trading Barter Corp. (PINKSHEETS: HRRN) Announces the sale of its first "Trading Barter Bank" exclusive licensing agreement for France Market.
During the last couple of months, management had instigated negotiations with a financial institutional investment firm and operating partner for the licensing of the Company's Flagship Concept "Trading Barter Bank" in France.
Pursuant to a long and selective reviewing process and comprehensive market analysis, management has evaluated that in conjunction with the opening of its Corporate Flagship Operation in America, it is in the best interest of the Company and its Shareholders and Members to proceed simultaneously to a Launch in both France and America Markets.
The Licensee operator has been involved in the "Trading Barter Bank" Platform Software development since the early stages of its creation, and with the support of a financial institutional partner, the group has set up for the "Trading Barter Bank" to be based in Paris.
The French market has always been considered as an "Avant Garde" and pioneering consumer incubator, for fashion, technology, food, and many other trendy business segments.
The original conceptual and engineering team of the "Trading Barter Bank" had on board initially 3 French developers and all of TBB's applications were primarily built and conceived in both English and French language.
One out of many advantages of a simultaneous operation in France is the immediate accessibility to other licensing sales in French speaking market, for which Trading Barter Bank" can rapidly respond to.
More information will soon be provided to our shareholders including: Opening dates, License Value, Shared Royalties, support and other contractual details.
Following the official launch of the Company's Corporate Web Site yesterday, and considering the successful impact and interest generated, we invite you to visit
Trading Barter Bank is our Company's Core Business Flagship Project. During the first quarter of 2009, HE-5 acquired TB BANK Software and Intellectual Property for Exclusive World Distribution Rights. This Exclusive Virtual Transactional Platform offers unique and Proprietary Features for secured transactions of sales of products and services, for which members can pay for in cash or in Trading Barter Dollars.
Trading is the action of exchanging goods, services, or both utilizing parallel currencies. Our Trading Membership Program is made available through our Virtual Community Services Environment. Trading is also the main business foundation of our operations translated in a Deal Making Strategic and Commercial context. Our main stream is primarily focusing on Barter Trades, but transactions can be made in cash and or combination of both.
Barter is the exchange of one commodity or service for another without the use of money as a medium of exchange. Our Members utilizes our Barter Currency the TBB Dollars. Our Barter Credits are available to Trading Members and are equivalently valued to the US Dollar. Purchase agreement can be made among Trading Members of Our Virtual Business Community Hub and calls for the exchange of stated amounts in TBB Dollars.
Bank is the amalgamation of services provided to Members in 100% Secured Transactional Processing (Secured by third party), for acquisition of goods and or services. TBB Dollars are valued at equivalency of US Currency Dollars for Dollars. Our Company offers other Barter Banking services to qualifying Members. Our Bank also stands for valuable information and pools of knowledge, experience and contacts available and deployed throughout our Virtual Business Community Bank of services.
"We trade" is our commitment; our business is to make yours successful!
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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Volume 6X the 10-day average. Could be something brewing .... imho
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HE-5 Resources Corp. Announces the Closing of a Convertible Debenture for a Sum of $500,000, and Ongoing Negotiations for a Revolving Line of Credit of $1,000,000 USD
Jun 3, 2009 5:08:00 PM
NEW YORK CITY, NEW YORK -- (MARKET WIRE) -- 06/03/09 -- HE-5 Resources, Corp. (PINKSHEET: HRRN) Announces the closing of a private placement for a total value of $500,000 in equity and ongoing negotiations for a bridge loan in the form of a revolving line of credit of $1,000,000 USD
Management has concluded the convertible debenture last night with the Private Equity Finance Group Jameson Capital SARL, and negotiations for a revolving line of credit of $1,000,000 USD are still in the works. Considering the current under value of the stock price, the Company officers have decided that it would be in the best interest of all involved parties and shareholders, to fund the operations on a temporary mezzanine financing bridge, instead of diluting the company's stocks anymore at these price ranges.
Secondly, the reason for negotiating a revolving line of credit is to allow the Corporation to use proceeds only as they become necessary, therefore reducing the debt ratio exposure only to the sums utilized. Furthermore, management is of the opinion that the current share price is not reflecting the Company's High Potential as the reorganization of the core activities have just begun.
The convertible debenture is for a 3 year term, bearing interest at prime rate plus 2% a year. Interests are payable quarterly. In regards to the revolving line of credit, management is confident to come to terms before the end of the week.
The convertible debenture proceeds will be utilized for the opening of new sales offices as well as for expenses related to the development of the Trading Barter Bank platform and operations.
We have been very impressed with the recent interest for our company's concept and reactions to presentations of our new Flagship project "Trading Barter Bank". The numerous number of inquiries of the last 10 days are quite factual to us and are demonstrating that the "Trading Barter Bank" is directly on target in the commodity sector its positioned.
About "Trading Barter Bank"
Trading Barter Bank is our Company's Core Business Flagship Project. During the first quarter of 2009, HE-5 acquired TB BANK Software and Intellectual Property for Exclusive World Distribution Rights. This Exclusive Virtual Transactional Platform offers unique and Proprietary Features for secured transactions of sales of products and services, for which members can pay for in cash or in Trading Barter Dollars.
Trading is the action of exchanging goods, services, or both utilizing parallel currencies. Our Trading Membership Program is made available through our Virtual Community Services Environment. Trading is also the main business foundation of our operations translated in a Deal Making Strategic and Commercial context. Our main stream is primarily focusing on Barter Trades, but transactions can be made in cash and or combination of both.
Barter is the exchange of one commodity or service for another without the use of money as a medium of exchange. Our Members utilizes our Barter Currency the TBB Dollars. Our Barter Credits are available to Trading Members and are equivalently valued to the US Dollar. Purchase agreement can be made among Trading Members of Our Virtual Business Community Hub and calls for the exchange of stated amounts in TBB Dollars.
Bank is the amalgamation of services provided to Members in 100% Secured Transactional Processing (Secured by third party), for acquisition of goods and or services. TBB Dollars are valued at equivalency of US Currency Dollars for Dollars. Our Company offers other Barter Banking services to qualifying Members. Our Bank also stands for valuable information and pools of knowledge, experience and contacts available and deployed throughout our Virtual Business Community Bank of services.
"We trade" is our commitment; our business is to make yours successful!
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.